President Irfaan Ali last evening met with the President of the Islamic Development Bank (IsDB) Muhammed Sulaiman Al-Jasser at State House.
A release from the Office of the President said that the IsDB head is in Guyana to discuss the bank’s involvement in the country’s development trajectory.
During the engagement, President Ali highlighted his Government’s vision for Guyana 2030 and beyond.
Following the meeting, President Ali hosted the IsDB President for dinner.
The President was accompanied by Vice President, Bharrat Jagdeo; Senior Minister within the Office of the President with Responsibility for Finance, Dr Ashni Singh; Minister of Agriculture, Zulfikar Mustapha and Minister of Public Works, Juan Edghill.
On May 13th this year, the Guyana Government signed a US$200 million framework agreement with the IsDB for the reconstruction of the Soesdyke-Linden Highway.
The Ministry of Finance in a release then said that Singh, on behalf of the Government of Guyana, and President of the IsDB Al-Jasser signed the US$200 million Frame-work Agreement for the reconstruction of the Soesdyke-Linden High-way.
The Soesdyke-Linden Highway is a 73 kilometre-long, two-lane highway.
The release said that the project will see the rehabilitation and reconstruction of 73 kilometres of the highway with two lanes undivided, nine bridges and six culverts with improved design, quality and standards. It also includes ancillary works and road corridor improvements providing essential public administration support, improved connectivity with communities, roadside and other facilities.
The US$200 million Framework Agreement was signed on the sidelines of the 2023 IsDB Group’s Annual Meetings in Saudi Arabia.
The terms under which the financing will be disbursed were not disclosed in the press release.
